Bursa Securities has given FGV Holdings an extension of time to comply with the public shareholding spread requirement for a further six months from 3 March 2024 until the expiration of the extension on 2 September 2024.
This comes as under the Practice Note 19 of the Listing Requirements, FGV currently does not comply with the Public Spread Requirement, as of 16 February 2024, the company’s the public shareholding spread of was at 13.09%.
In view of the approval for extension of time, FGV said it is aware that Bursa Securities may take or impose a penalty for breach and even suspend trading in the company’s securities
FGV said it will continue to make the quarterly announcements on the status of its efforts to comply with the Public Spread Requirement.
